Skip to main content

Disaster Recovery as a Service Market to Register Steady Growth By 2026

 

The pandemic situation has brought a positive impact on disaster recovery as a service market. The market is predicted to grow significantly in the forecast period despite the pandemic COVID-19 situation. The primary factor for the growth of DRaaS before COVID -19 was due to the rising demand by most organizations for its cost effectiveness and greater flexibility. The factor which affects the positive growth of the disaster recovery as a service is the lockdown and most of the organizations implementing work from home. However, data breach is considered to be the major restraint for the market. Implementation of artificial intelligence in DRaaS is predicted to create vast opportunity for the DRaaS Market in the forecast period. For instance, TM One launched cloud alpha promotion for business at the time of bleeding economy stating #stayproductive during the quarantine time by urging people to stay home and work from home.

Our report includes:

  • Technological Impact
  • Social Impact
  • Investment Opportunity Analysis
  • Pre- & Post-COVID Market Scenario
  • Infrastructure Analysis
  • Supply Side & Demand Side Impact

Get | Download PDF Sample Report@ https://www.researchdive.com/download-sample/186

As per a new report published by Research Dive, the DRaaS is set to generate a revenue of $57,133.1 million by 2026, at a CAGR of 42.9% during the forecast period from 2019 to 2026. The segmentation of the market has been done on the basis of component, solution, service, providers, organization size, verticals and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, Cost effectiveness and greater flexibility is predicted to drive the Disaster Recovery as a Service Market. Moreover, data Breach and security is considered to be the major restraints for the disaster recovery as a service market.

Solution Type, Backup Services Type, Cloud Service Provider, Small and medium business, Media and entertainment is predicted to be the most profitable segments in the market 

Depending on the component, the market is segmented into solution and service. The solution type component in disaster recovery as a service market accounted for $2,148.1 million in 2018 and is predicted to grow with a CAGR of 37.7% in the forecast period. Most of the enterprises optimize the data and improve the efficiency of the storage system with the use of solution provided by DRaaS, which is predicted to boost the segment in the forecast period 

Depending on the solution, the market is segmented into real time replication, backup solution, data security & compliance, and disaster recovery planning & testing. The backup services type accounted for $837.0 million in 2018 and is predicted to grow with a CAGR of 38.8% in the forecast period.

Depending on the service, the market can be segmented into cloud service provider, managed service provider, telecom and communication service provider and others. The managed service providers segment accounted for $389.9 million in 2018 and is predicted to grow with a CAGR of 53.9% in the forecast period.

Depending on the provider, the market is segmented into cloud service provider, telecom and communication service provider and disaster recovery service provider. Cloud service provider segment accounted for $1,934.5 million in 2018 and is predicted to grow with a CAGR of 40.5% in the forecast period. Cloud allows to store data virtually and can be accessed anywhere due to which it is predicted to boost the cloud segment in the forecast period.

Depending on the organization size, the market can be segmented into small & medium enterprises and large enterprises. The small and medium business market was accounted for $1,112.3 million in 2018 and is predicted to grow with a CAGR of 50.7% in the forecast period.

Depending on the vertical, the market can be segmented into BFSI, Education, Government, Healthcare, Manufacturing, Media & Entertainment, Telecommunication & IT, Retail and Wholesale, Transportation and Logistics and Others. Media and Entertainment accounted for $359.7 million in 2018 and is predicted to grow with a CAGR of 48.1% in the forecast period.

Expert Analyst Study case of COVID-19 Impact on disaster recovery as a service market@ https://www.researchdive.com/connect-to-analyst/186

Geographical Analysis and Major Market Players

On the basis of region, the global disaster recovery as a service market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region for the disaster recovery as a service market accounted for $851.7 million in 2018 and is predicted to grow with a CAGR of 48.6% in the forecast period. Shifting of major tech companies in the region and the government initiatives for the establishing new companies is predicted to boost the region market in the forecast period. 

The top market players in the disaster recovery as a service market include

  1. IBM Corporation
  2. HP Development Company
  3. L.P., Amazon Web Services, Inc.
  4. Cable & Wireless Communications Limited.
  5. TierPoint, LLC.
  6. Microsoft
  7. VMware Inc.
  8. NTT Communications Corporation
  9. RACKSPACE US, INC., among others.
Labels:

Comments

Post a Comment

Popular posts from this blog

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more

Business analytics software increasing due to Low Cost & Enhanced Usability

  Business analytics software   conducts predictive analysis to derive decision-making inputs and insights through the application of statistical tools and methods in business performance data. It analyzes business data and information through continuous investigation and exploration of old business performance data to obtain decisive insights for business planning. A business analytics software helps an organization to optimize business operations and facilitates strategic decision-making. The outputs are mostly used by financial analysts, managers, security personnel, and key decision makers of organizations. The demand for cloud-based business analytics software is increasing among small- and medium-sized enterprises chiefly due to its low cost and enhanced usability. Request for Sample Copy @  https://bit.ly/3gRxTjw The growth of the global business analytics software market is driven by factors such as increase in adoption of business analytics software by multiple o...
Post a Comment
Read more

Digital Banking System Market Size, Cost Structure, Market Status and Forecasts to 2026

  The world is facing an unexpected change and many of the industries are experiencing thought provoking situation due to the COVID-19 pandemic. Previous to the COVID-19 pandemic, there was high growth rate in digital banking market. But, since the occurrence of COVID- 19 outbreak it has been witnessed that digital banking has faced dual impact. The reason behind of this impact is the banks can utilize this disruption time as an opportunity for them by analyzing the need and importance of technologies to make their product and services digitalize across the globe. On the other side, larger use of technologies reduces completely the dependency on manual entities, person led reviews i.e. paper and employee intervention within banks. For example, According to RBI, for the financial year 2017-18, India’s banking sector witnessed a spike in cyber frauds and pegged the losses at $ 13.7 billion. With increased use of cashless and digital economy, it will be imperative for the banks to imp...
Post a Comment
Read more